A Model of Rule-of-Thumb Consumers With Nominal Price and Wage Rigidities

dc.creator

Ocampo-Díaz, Sergio

dc.date.created

2012-05-08

dc.date.issued

2012-05-08

dc.identifier.uri

http://repositorio.banrep.gov.co/handle/20.500.12134/5730

dc.description.abstract

This document presents a dynamic stochastic general equilibrium model with rule of thumb (Non-Ricardian) agents and both nominal price and wage rigidities. The model follows closely that of Galí et al. (2004) and expands it to include a second way form of

dc.format.mimetype

PDF

dc.language.iso

spa

dc.publisher

Banco de la República

dc.relation.ispartof

Documentos de Trabajo

dc.relation.ispartofseries

Borradores de Economía

dc.relation.isversionof

Borradores de Economía; No. 707

dc.rights.accessRights

Open Access

dc.rights.uri

https://creativecommons.org/licenses/by-nc-sa/4.0/

dc.title

A Model of Rule-of-Thumb Consumers With Nominal Price and Wage Rigidities

dc.type

Working Paper

dc.subject.jel

C68 - Computable General Equilibrium Models

dc.subject.jel

E32 - Business Fluctuations; Cycles

dc.subject.jel

E37 - Prices, Business Fluctuations, and Cycles: Forecasting and Simulation: Models and Application